The situation has become unsustainable. The tipping point of an accelerated slide to failed state status is surely imminent. That means even worse economic disintegration than has already taken place over the past two decades. That means a more rapidly deteriorating security situation, with more street protests, violent wildcat strikes, burning, looting, and general lawlessness….

The crisis of capital, the rise of the Occupy movement and the crash of Southern Europe have brought the problem of income inequality into mainstream consciousness in the West for the first time in many decades. Now everyone is talking about how the richest 1% have captured such a disproportionate share of wealth in their…